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Stock Chart: SembMar!
By Dou  •  May 31, 2012

On Friday, Sembmar re-test the support at $4.41 and closed at $4.47 with LOW volume of 7.31 million shares traded.

During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles.  During the past 50 bars, there have been 22 white candles and 23 black candles for a net of 1 black candles.

RSI & MACD are bullish as MACD perform a golden cross recently.

Important Resistance of Sembmar: $4.53

Immediate Support of Sembmar: $4.41

Currently prices are supported by 200 days MA at $4.41

For the past 10 trading sessions, prices have been trending along the key support at $4.41 (200 days MA). This affirms that the selling pressure has eased.

The support at $4.41 is expected to be strong.

It would be good opportunity for entry at the ...

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By Dou
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